Is This Stock a Screaming Buy: HSBC Holdings plc (NYSE:HSBC)

Equity Research firms currently have a positive stance on shares of HSBC Holdings plc (NYSE:HSBC). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $40.61 on a short term basis.

At the time of writing, the stock was trading at $38.49. This represents a change from the opening price of 0.23%. In terms of performance, year to date, the stock is 2.98%. The monthly stock performance comes in at 0.95%. For the quarter, shares are performing at 27.04%. Weekly performance analysis shows the equity at 2.83%.

In taking a look at technical levels, shares are trading 6.09% away from the 50 day simple moving average and 17.57% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -0.93% away from it’s 52- week high and 36.42% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, HSBC Holdings plc’s RSI stands at 61.90. In looking at volatility levels, the shares saw weekly volatility of 1.11% and 1.15% over the past month.

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